Germany-based Volkswagen AG (VWAGY) has plans to launch a fully-electric SUV and a pickup truck in the U.S., a report published by Reuters said citing people with knowledge of the matter. With an investment of around €100 million, the carmaker intends to launch these vehicles under the Scout brand. Volkswagen plans to get funding for the brand through an IPO or investors. About Volkswagen Volkswagen designs, manufactures and sells passenger and commercial vehicles, motorcycles, engines and turbomachinery. It also offers related services like financing, leasing and fleet management. Analyst's Opinion On May 10, Berenberg analyst Adrian Yanoshik initiated coverage on the stock with a Hold rating and a $184.
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